Sustainable Power Group Buys Utah Project in First Deal for Wind

Sustainable Power Group, an independent power producer that’s focused primarily on solar, is expanding into wind energy by acquiring a 62.1-megawatt project in southeastern Utah.

The wind farm in San Juan County is expected to begin generating electricity by the end of the year, Salt Lake City-based Sustainable Power said in a statement Monday. Terms weren’t disclosed.

Berkshire Hathaway Inc.’s PacifiCorp unit agreed to buy the output under a 20-year contract.

Sustainable Power, also knows as SPower, is backed by Fir Tree Partners. It owns or operates more than 150 utility- and commercial-scale power plants in the U.S. and U.K., according to the statement. Fir Tree Partners manages about $13 billion.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE